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EU threatens legal action after American car industry bailout

In what could be the first serious test of Barack Obama's tenure as president of America it has been revealed that EU authorities are considering legal action against the American car industry bailout. The potential move comes with the revelation that American rescue packages include a clause which obliges those involved to "buy American steel and other American components" in a blatant disregard for various World Trade Organisation agreements.

The US now goes to list of countries such as Argentina, China, Indonesia, Ecuador, India, Russia and Vietnam who are all being monitored with regards to "protectionism issues". The issue is set to dominate the headlines over the coming weeks and months as, quite rightly in the eyes of the local population, countries around the world begin to look inwards to protect their own economies and workforces.

This move is at odds with the UK situation where we currently have a number of "illegal" wildcat strikes in response to alleged employment law irregularities regarding UK employees working for overseas companies. The fact that the UK government appears to be taking an opposite stance to the unions has the potential to cause serious mayhem in the short to medium term even though various reconciliation services are involved.

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